Liu Zhenya Talks with Chairmanof the State Great Hural and Prime Minister of Mongolia

Liu Zhenya Talks with Chairmanof the State Great Hural and Prime Minister of Mongolia

On August 25, Liu Zhenya, Chairman of Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and Chairman of China Electricity Council (CEC) held talks with Mongolian State Great Hural Chairman (Speaker) Enkhbold and Prime Minister Erdenebat Jargaltulga in Ulaanbaatar regarding strengthening energy cooperation between China and Mongolia, promoting key projects development, Northeast Asia's power grid interconnection as well as Global Energy Interconnection (GEI). Chinese Ambassador to Mongolia, Mongolia Energy Minister, Minister of Environmental Protection, Minister of Transportation and other Mongolian government officials attended the meeting.

Liu Zhenya stated that Chinese President Xi Jinping proposed discussions on establishing a global energy interconnection to facilitate efforts to meet the global power demand with clean and green alternatives at UN Sustainable Development Summit on September 26, 2015, which has received wide attention from and been actively responded by the international community.

Liu Zhenya said electricity would be an important trading product in the future. Mongolia is rich in energy resources with proven reserves of about 152 billion tons of coal. The installed capacity of wind and solar resources, if converted into thermal power, is 500GW and 700GW respectively. It plays to Mongolia's resource advantage as they can be turned into economic advantages and create a long-term economic growth point by constructing large-scale energy bases in Mongolia and delivering electricity to load centers in China, South Korea, Japan and even South Asia and Europe via UHV grids. Liu Zhenya noted that Xibe Obo project was an important part of the Northeast Asia energy interconnection and had a special significance for the economic and social development of Mongolia.

Chairman Enkhbold noted that Mongolia was rich in resources and had great potential for development. Economic and social reform of Mongolia was stable, continuous, and in favor of foreign investment. There are a lot of Sino-Mongolian economic cooperation projects and achievements. Mongolia has proposed to establish Mongolia -China - Russia Infrastructure Research Center to promote cooperation in highway, railway, aviation, and energy. Xibe Obo project has been supported in the past and will be in the future, said Enkhbold, who also wished the project a great success.

Source: SGCC